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Dec 26, 2012
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cliff. for a few days, at least. >> going over the 2012 mike-isms and according to my list, you have given the date of january 11th as the date that we should be looking for, right? >> reporter: i updated it to january 10th. 11th is a friday and members try to get out of town on a friday. here's what it's pointing to for quite sometime. you know the rule republicans never put a republican or democratic speaker put a bill on the floor without a majority of majority. that still holds true and held true for almost the entire length of the republic. this is not new. don't expect boehner to put something on the floor that raises taxes on anybody. he couldn't do it for anybody making more than a million dollars. so what are we left with? going over the cliff, tax rates go up for everybody and then a vote, a vote to cut taxes for 98% of americans. instead of a vote to raise taxes for 1% of americans and it makes much more likely to get republican support. they can make it retroactive to january 1st
cliff. for a few days, at least. >> going over the 2012 mike-isms and according to my list, you have given the date of january 11th as the date that we should be looking for, right? >> reporter: i updated it to january 10th. 11th is a friday and members try to get out of town on a friday. here's what it's pointing to for quite sometime. you know the rule republicans never put a republican or democratic speaker put a bill on the floor without a majority of majority. that still holds...
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Dec 25, 2012
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congress is expected to come back later this week as america gets closer to the fiscal cliff. some lawmakers are now calling for a small scale deal as a temporary fix. >> i think it's impossible to get any kind of grand bargain or comprehensive package. i think we're dealing right now with whether or not we can put off the increases in tax rates. that's really all we can deal with right now. >> the house will stand in recess subject to the call of the chair. >> reporter: congress recessed alf republicans rejected house speaker jane bahner's compromise. he proposed letting tax cuts expire for those making over $1 million a year. other republicans say it's time for a deal. >> i agree with him. i don't think we ought to increase taxes on anyone. however, we're now at a point where we're not going to get what we think is right for our economy and our country. >> with congress coming back, the president will also reportedly cut short his holiday vacation in hawaii. democrats hope mr. obama will continue to fight for a complete agreement, not just a temporary patch. >> i definitely
congress is expected to come back later this week as america gets closer to the fiscal cliff. some lawmakers are now calling for a small scale deal as a temporary fix. >> i think it's impossible to get any kind of grand bargain or comprehensive package. i think we're dealing right now with whether or not we can put off the increases in tax rates. that's really all we can deal with right now. >> the house will stand in recess subject to the call of the chair. >> reporter:...
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Dec 29, 2012
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these are the people that republicans have used as pawns in the fiscal cliff debate. earlier this week, senate minority leader mitch mcconnell demanded spending cuts to offset the estimated. $30 billion cost of extending the federal unemployment insurance program for another year.extending the federal unemployment insurance program for another yeaof extending the federal unemployment insurance program for another year.the federal unemployment insurance program for another year.insurance program for another yeayear. mcconnell was elected to serve the people of kentucky. so how do mcconnell and junior senator rand paul justify letting federal unemployment benefits expire for 24,000 people in their state? how can senator marco rubio allow nearly 119,000 unemployed floridians to be cut off? senators john mccain and jon kyl should be fighting for the 28,000 people who would be affected in arizona. it's not clear if they will. and the list goes on and on. unemployment benefits are vital to the economic security of millions of americans, and the continued recovery of the u.s
these are the people that republicans have used as pawns in the fiscal cliff debate. earlier this week, senate minority leader mitch mcconnell demanded spending cuts to offset the estimated. $30 billion cost of extending the federal unemployment insurance program for another year.extending the federal unemployment insurance program for another yeaof extending the federal unemployment insurance program for another year.the federal unemployment insurance program for another year.insurance program...
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Dec 29, 2012
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but the other thing about the fiscal cliff is you don't want to be blamed for going over it. it is going to be bad for the economy. it's bad for the country. what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass plan "b" that very same week. then it was mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john boehner has done here is a debacle for the republicans. and the white house, they've just been sitting back the last week or so and letting it happen. but today, they gave us their plan going forward. you could call it deal and jam. >> i'm optimistic we may still be able to reach an agreement that could pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time, between
but the other thing about the fiscal cliff is you don't want to be blamed for going over it. it is going to be bad for the economy. it's bad for the country. what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass...
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Dec 30, 2012
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half of those cuts are in defense alone. >> well, the other part of the fiscal cliff is congress agreed that they would cut an additional $1.2 trillion in spending. they put a committee together to try to come up with those numbers. they didn't figure out how to do it. and so what we now have is a situation where these automatic spending cuts go into place. now if we have raised some revenue by the wealthy paying a little bit more, that would be sufficient to turn off what's called the sequester. these automatic spending cuts. and that also would have a better outcome for our economy long term. but, you know, so far at least, congress has not been able to get this stuff done. not because democrats in congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> when you talk about a dysfunction in washington, you signed this legislation setting up the fiscal cliff 17 months ago
half of those cuts are in defense alone. >> well, the other part of the fiscal cliff is congress agreed that they would cut an additional $1.2 trillion in spending. they put a committee together to try to come up with those numbers. they didn't figure out how to do it. and so what we now have is a situation where these automatic spending cuts go into place. now if we have raised some revenue by the wealthy paying a little bit more, that would be sufficient to turn off what's called the...
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Dec 26, 2012
12/12
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the president is returning to the white house to work on a fiscal cliff deal before the end of the year. house and senate members are expected to reconvene tomorrow without an agreement automatic tax increases increases for everyone and deep spending cuts will be triggered starting january 1st. lawmakers maintain that the dispute continues to be over taxes. >>> time now for a check of that forecast. let's go back over to meteorologist mike massco because things could deteriorate as the day goes on. >> what's going on out there, mike? >> a whole lot of nothing right now, but things will change during the course of the morning hours. check it out, guys, 36 in the city limits, we go outside 31 in eldersburg, and joppa at the freezing mark. anything that moves in right now will fall in the form of some snow. winter weather advisory up towards carroll county, fredrick county, winter stormings out of western maryland. i drew in this line, this is actually what's hitting the ground. it's about two hours from the baltimore city metro area. so this will be moving in probably during the tail end
the president is returning to the white house to work on a fiscal cliff deal before the end of the year. house and senate members are expected to reconvene tomorrow without an agreement automatic tax increases increases for everyone and deep spending cuts will be triggered starting january 1st. lawmakers maintain that the dispute continues to be over taxes. >>> time now for a check of that forecast. let's go back over to meteorologist mike massco because things could deteriorate as the...
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Dec 24, 2012
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thank you. >> thank you. >>> are retail sales diving off the fiscal cliff? we'll talk about how the tax cut debate is impacting the recent christmas shopping economy. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? when you lost the thing you can't believe you lost.. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid card. spends like cash. feels like membership. >>> senator mike crapo is apologizing for his drunk driving arrest. he said, quoetd, i'm deeply sorry for the actions that resulted in this circumstance. i made a mistake for which i apologi
thank you. >> thank you. >>> are retail sales diving off the fiscal cliff? we'll talk about how the tax cut debate is impacting the recent christmas shopping economy. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save...
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Dec 28, 2012
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because even if we get something that avoids the fiscal cliff by some makeshift deal, it's not addressing the real problem, and the real problem is somehow we're going to come up with $1.2 trillion or more in revenue and significant spending cuts on all sides including military cuts and entitlement cuts so we can actually put our debt under control. until we do that, all we're doing is kicking the can down the road. now, is there a value to kicking the can down the road in avoiding the fiscal cliff? yes. but if they go over the cliff and then fix it in the next week with another stopgap, is there any real harm? who knows. if that make it is easier for republicans to vote for it, is it a disaster? probably not. but understand we had seven weeks in which we could have a done a big deal which would have gotten the debt under control, would have caused the economy to -- it would have been a catalyst to have this economy take off, and we blew it. we blew it. >> you know, governor dean, to that point here we are essentially looking over the abyss of the fiscal cliff, and i know you have said in
because even if we get something that avoids the fiscal cliff by some makeshift deal, it's not addressing the real problem, and the real problem is somehow we're going to come up with $1.2 trillion or more in revenue and significant spending cuts on all sides including military cuts and entitlement cuts so we can actually put our debt under control. until we do that, all we're doing is kicking the can down the road. now, is there a value to kicking the can down the road in avoiding the fiscal...
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Dec 28, 2012
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summer with no revenue at all when we agreed to the debt ceiling deal that triggered this fiscal cliff fiasco. so we have put hundreds of billions, and we're willing to put more than a trillion in spending cuts. the republicans are still really leaving the middle class twisting in the wind, because they're unwilling to support, particularly the extremi tea partiers in the house republican congress increasing tax rates on the wealthier, people who make more than a million a year. it's unbelievable. >> debbie wasserman schultz, thank you for your time. >> thank you. >>> let's bring back ed as well as perry. let el me get your reaction. are write going over? will we get a deal after? >> if they keep talking like that, it looks increasingly likely that we will. a lot of it they probably want to american so that the final day of the year can go off without really know what will happen. >>> so the fact that he's now, you know, open to talking to the white house, going to attend this meeting and seem amenable to some kind of deal that could conceivably start this weekend, say debate start ton
summer with no revenue at all when we agreed to the debt ceiling deal that triggered this fiscal cliff fiasco. so we have put hundreds of billions, and we're willing to put more than a trillion in spending cuts. the republicans are still really leaving the middle class twisting in the wind, because they're unwilling to support, particularly the extremi tea partiers in the house republican congress increasing tax rates on the wealthier, people who make more than a million a year. it's...
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Dec 24, 2012
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cliff. there have been a few conversations going on at the staff level but really the expectation is that the hard work is going to get done when lawmakers return to washington after the christmas holiday, a little bit later on this week. that's when they're going to resume negotiations in earnest. of course there had been hopes that the president and house speaker john boehner were going to get a deal done. if you looked at the beginning of last week, they were getting close to a deal it appeared but that fell apart and talks fell apart. president obama said i will accept a smaller deal as long as it doesn't allow rates for those to go up for those making $250,000 or less. over the weekend you had a few senators, including senator joe lieberman saying they believe now more than ever we may be getting closer to actually going over the fiscal cliff. that is of course hanging over the heads of a lot of americans as they enter this holiday season and also looming over this vacation the presiden
cliff. there have been a few conversations going on at the staff level but really the expectation is that the hard work is going to get done when lawmakers return to washington after the christmas holiday, a little bit later on this week. that's when they're going to resume negotiations in earnest. of course there had been hopes that the president and house speaker john boehner were going to get a deal done. if you looked at the beginning of last week, they were getting close to a deal it...
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Dec 30, 2012
12/12
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audrey barns has more on that fiscal cliff countdown. >> reporter: lawmakers summoned to the white house for an emergency summit to try to hammer out a deal to avoid the fiscal cliff and describe the talks as productive. they didn't produce an agreement. from the senate floor, words of optimism from minority leader mitch mcconnell. >> we're engaged in discussions, the majority leader and myself and the white house and in hopes that we can come forward as early as sunday and have a recommendation. >> reporter: harry reid took a cautionary town, perhaps to allay the fears of americans who are wonder how long going off the cliff will affect their paychecks. analysts say taxes on people making between 50,075,000 a year will go up an average of $2,500. >> whatever we go up is going to bem perfect. some people are not going to like it and some will like it less and that is where we are. i feel confident we have an obligation. >> reporter: president obama said that it's important for congress to vote on some type of package before it expires. >> if the agreement is not reached in time between s
audrey barns has more on that fiscal cliff countdown. >> reporter: lawmakers summoned to the white house for an emergency summit to try to hammer out a deal to avoid the fiscal cliff and describe the talks as productive. they didn't produce an agreement. from the senate floor, words of optimism from minority leader mitch mcconnell. >> we're engaged in discussions, the majority leader and myself and the white house and in hopes that we can come forward as early as sunday and have a...
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Dec 27, 2012
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on a solution for avoiding the fiscal cliff. that cliff is january 1st when automatic tax increases and deep spending cuts will take effect. the president arriving there, live pictures of air force one touching down. >>> and fears of a big eruption has forced some 300 families to flee their homes. authorities orderod vacant use after the volcano started spewing hot gas. >> traffic is partly open right now on highway one near big sur. a rock slide closed it down on sunday and cal trans has been rushing to make repairs. crews have one lane briefly open right now. they do that to let traffic through and then have to close it back down. another round of openings is scheduled for noon and then four. there is no word yet on when the roadway will reopen. >>> a water main break prompted city officials to turn off water service to nearly 400 homes. it happened early yesterday morning causing waist deep flooding in several areas. the water main break also created a sink hole that trapped a city bus. the driver escaped unhurt. o accept sid
on a solution for avoiding the fiscal cliff. that cliff is january 1st when automatic tax increases and deep spending cuts will take effect. the president arriving there, live pictures of air force one touching down. >>> and fears of a big eruption has forced some 300 families to flee their homes. authorities orderod vacant use after the volcano started spewing hot gas. >> traffic is partly open right now on highway one near big sur. a rock slide closed it down on sunday and cal...
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Dec 30, 2012
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a while have held the upper hand on these fiscal cliff negotiations because what is it all mean? this is about taxes for democrats, and the bush tax cuts expire at the end of this year, and, look, they are saying republicans are going to come back and say we don't want taxes to go up for those, you know, making less than $250,000 a year or more, so they will come back at the beginning of the year and propose something that can get done. you heard chuck schumer who happens to be reid's top lieutenant say the same thing on "meet the press" last week, so i think that that's what democrats see as their leverage and their fallback. now, republicans see the debt ceiling as their leverage which is a tricky game. >> we're hearing that vice president joe biden has been linked to the negotiations. what do you think his role is in all of this, and why do you think he's being called in now? >> well, mitch mcconnell, a top republican aide told me, picked up the phone and called joe biden because they felt like these talks were going nowhere, that they hadn't heard back from harry reid and dec
a while have held the upper hand on these fiscal cliff negotiations because what is it all mean? this is about taxes for democrats, and the bush tax cuts expire at the end of this year, and, look, they are saying republicans are going to come back and say we don't want taxes to go up for those, you know, making less than $250,000 a year or more, so they will come back at the beginning of the year and propose something that can get done. you heard chuck schumer who happens to be reid's top...
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Dec 24, 2012
12/12
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time is running out to avert the fiscal cliff of tax increases in domestic programs cuts in january. some members of congress are concerned that a deal can't be reached. >> we are going to go over the cliff now because that is what the president wants. you cannot negotiate with someone who does not want to negotiate. >> president obama is and why you right now and will be cutting his vacation short. we will see the taxes go up if we do go over the fiscal cliff. palin a nurses' strike thousands of nurses walked off the job today at nine bay area hospitals. nurses with a center helps halt the bay summit medical center are asking for a negotiated labor contracts and improvement in patient care protections. such as staffing levels, a health benefits, and sick days. strikers a hospital officials want to reduce the number of paid sick days for nurses and technicians while maintaining health care coverage for those who work fewer than 30 hours a week. >> we're looking at power outages this morning all across the bay area. here's a look at the numbers. in the north bay 1075 people are withou
time is running out to avert the fiscal cliff of tax increases in domestic programs cuts in january. some members of congress are concerned that a deal can't be reached. >> we are going to go over the cliff now because that is what the president wants. you cannot negotiate with someone who does not want to negotiate. >> president obama is and why you right now and will be cutting his vacation short. we will see the taxes go up if we do go over the fiscal cliff. palin a nurses'...
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Dec 26, 2012
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the president is cutting his vacation short to face the fiscal cliff. is he leaving hawaii for washington tonight. if lawmakers don't come up with a deal before the deadline your tax refund could be delayed by months. we are live in the washington bureau to explain more. >> reporter: brian the irs said without a deal as many as 100 million taxpayers may be forced to wait until march to file their tax returns. congress has to vote on the wealth tax and it needs to be adjusted for inflation. both partisay they would agree to it but it's all tied up in the fiscal cliff mess. tax filing season starts next week but the irs would put a hold on that for some. officials would wait for a deal in the new year instead of doing serious reprogramming to their tax system. filing would then be pushed back to march for millions. with refunds coming much later than usual. especially for those who plan on paying off credit card bills that often pile up after the holidays. now all of this could be avoided a deal before the deadline monday night but some long time lawmaker
the president is cutting his vacation short to face the fiscal cliff. is he leaving hawaii for washington tonight. if lawmakers don't come up with a deal before the deadline your tax refund could be delayed by months. we are live in the washington bureau to explain more. >> reporter: brian the irs said without a deal as many as 100 million taxpayers may be forced to wait until march to file their tax returns. congress has to vote on the wealth tax and it needs to be adjusted for...
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Dec 29, 2012
12/12
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>> the fiscal cliff is basically a series of an expiration of tax cuts as well as some new taxes combined with spending cuts that if we don't reach by the end of the year, we're going to go over, okay? there's a few main points that are really important to look at. the ones that are going to impact average americans most, that's what you need to consider. the first is the expiration of the bush-era tax cuts. what this means is that basically income tax rates are going to go up for nearly all american taxpayers. president obama, of course, is looking to avert the cliff by setting a threshold whereby the higher income earners will pay more but that the middle income and low income earners won't pay more. also to consider is the application of the amt, the alternative minimum tax. this will apply to taxes in 2012. it's one that's actually looking back a little bit and what's going to happen is you're going to see 30 million more americans be subjected to this tax that weren't before. in addition to that, we're also looking at the expiration of the payroll tax holiday. what that could mean is
>> the fiscal cliff is basically a series of an expiration of tax cuts as well as some new taxes combined with spending cuts that if we don't reach by the end of the year, we're going to go over, okay? there's a few main points that are really important to look at. the ones that are going to impact average americans most, that's what you need to consider. the first is the expiration of the bush-era tax cuts. what this means is that basically income tax rates are going to go up for nearly...
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Dec 28, 2012
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. >> if an unemployment extension is not included in the fiscal cliff deal, 2.1 million americans will face an immediate loss in federal unemployment insurance. it will result in a cut of $284 a week for the average beneficiary. and that's a lot of dough for the average american. it's important to keep in mind the unemployment cliff is really a cliff, urban a slope. tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment americans who rely on federal aid will be cut off on january 1st, 2013. however, there is some good news on the unemployment front. the four-week average of job claims dropped to roughly 356,000. it's the lowest level since march 2008. but unfortunately, the national unemployment rate is still 7.7%. and if republicans in congress fail to accuracy millions of unemployed americans will be off to a very rough start for the new year. for more on this let's turn to the reverend dr. haines iii, senior pastor at friendship west baptist church. dr. haines, welcome to the show. >> thank you, professor dyson. >> isn
. >> if an unemployment extension is not included in the fiscal cliff deal, 2.1 million americans will face an immediate loss in federal unemployment insurance. it will result in a cut of $284 a week for the average beneficiary. and that's a lot of dough for the average american. it's important to keep in mind the unemployment cliff is really a cliff, urban a slope. tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment...
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Dec 27, 2012
12/12
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trying to orchestrate a deal to avoid the fiscal cliff deadline just in the nick of time. if not, the consequences will be severe. more than a half trillion dollars in automatic tax hikes and spending cuts, not that lawmakers are necessarily feeling the urgency. congress is at least officially in session today but house members, most still at home haven't even been called back to the capitol. aides on both sides including republican leaders haven't spoken in days. >> washington remains in the same fiscal cliff clitalks. >> reporter: senator leader harry reid and john boehner are both frosty saying it's in the other guy's court saying to avert the largest tax hike in history and reid saying it's time for house republicans to put middle class families first. >> if we go past no deal, the markets are likely to decline in a significant way and involve most americans and they don't want to have themselves blamed for that. >> reporter: already stocks have dropped three days in a row over fiscal cliff fears. from wall street to main street, it is building. >> both parties to are
trying to orchestrate a deal to avoid the fiscal cliff deadline just in the nick of time. if not, the consequences will be severe. more than a half trillion dollars in automatic tax hikes and spending cuts, not that lawmakers are necessarily feeling the urgency. congress is at least officially in session today but house members, most still at home haven't even been called back to the capitol. aides on both sides including republican leaders haven't spoken in days. >> washington remains in...
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Dec 24, 2012
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any hope of going over the fiscal cliff must start in the senate. not one democrat would support the idea that we could protect 99% of americans from a tax increase. boehner's plan b i thought made sense. to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a good day. we have the same objective of more taxes. i like simpson-bowles. eliminate deductions, more rates, put money on the debt. tax rate hikes are a partisan solution driven by the president. but he's going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the public from a tax hike, that is not a tax increase in my book. chuck, maybe you and me and some other people in the senate can find a way to find this on the short term but on the long term there's not going to be a deal any time soon. >> you think we're going to go over the cliff? >> i think we're going to fall out of the fiscal tree. there will not be a big deal. the big chance at the big deal is at the debt ceiling. that's when we'll have leverage to turn the cou
any hope of going over the fiscal cliff must start in the senate. not one democrat would support the idea that we could protect 99% of americans from a tax increase. boehner's plan b i thought made sense. to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a good day. we have the same objective of more taxes. i like simpson-bowles. eliminate deductions, more rates, put money on the debt. tax rate hikes are a partisan solution driven by the president....
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Dec 24, 2012
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for more on the fiscal cliff i'm joined by deputy political editor domminco. let's talk about what are the opings left on the table as we look at the narrow window that's left to get us to 2013 and what could get done. >> well, i think ultimately you've got a small deal, a big deal, or going over the cliff. there is some movement towards getting a small deal done. you hear that from congressman ellison. senate airdz on both sides tell me that that's possible. the 250,000 a year tax cut plus unemployment things and it maybe can kick the can down the road. that will have consequences for the president's agenda in the next year because he wants to get immigration reform done. he wants to get a lot of other things done that really get pushed down the road if fiscal stiff is still weighing on him. >> which side has negotiated in good faith more? the political reporting we've heard is that the president is still at the table. he is saying let's get something done. john boehner is at the table saying he wants to get something done, but -- i think the white house says
for more on the fiscal cliff i'm joined by deputy political editor domminco. let's talk about what are the opings left on the table as we look at the narrow window that's left to get us to 2013 and what could get done. >> well, i think ultimately you've got a small deal, a big deal, or going over the cliff. there is some movement towards getting a small deal done. you hear that from congressman ellison. senate airdz on both sides tell me that that's possible. the 250,000 a year tax cut...
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Dec 26, 2012
12/12
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president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide exchange." i'm jackie deangelis along with seema mody. ross and kelly are off for boxing day. they'll be back tomorrow. >> that's right. >>> let's get a brief check on the markets this morning. energy and metals are trading at this hour on the nymex. you see crude oil up .6%. brent crude also up. and take a look t yellow metal, gold. down just fractionally. now u.s. futures will begin trading in about a half-hour. the cme globex has been closed for christmas and will reopen at 6:00 a.m. eastern time. that also goes for treasuries and the foreign exchange market. >>> as for the action in the overseas market, the youu.k. is closed for boxing day as ar
president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide...
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Dec 31, 2012
12/12
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KGO
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. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do thought go up that would hurt our economy badly. we can get that done. >> president obama called for immediate action, but there was that vote in the senate tonight. >> we are going to come in at 11:00 a.m. tomorrow morning, and we will have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> mitch mcconnell frustrated with the lack of progress called vice president biden in for help. biden is now said to be playing a direct role. >> there is no single issue that remains an impossible s
. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences,...
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Dec 28, 2012
12/12
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WBAL
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this point to avoid the fiscal cliff? if so, what are they? >> well, obviously, there are cuts in the budget. we know we have to cut some of the mandatory programs and do other cuts, but it has to be accompanied with revenues. willie, i'm getting a little more optimistic today. sometimes it's darkest before the dawn. there are two good signs for optimism today. one is that leader mcconnell is actively engaged. you can't pass anything in the senate without democratic and republican votes because of the 60-vote barrier. we only have 53. for the first time, leader mcconnell is speaking to the president. if the senate is going to be the place where action starts, you need both of them there. the second reason for optimism is boehner is back at the table. because you can't pass something just through the senate. we see what a mess the house is. they couldn't even pass speaker boehner's own plan b. the fact that he's come back and the four of them are at the table means to me we could come up with some kind of agreement that wo
this point to avoid the fiscal cliff? if so, what are they? >> well, obviously, there are cuts in the budget. we know we have to cut some of the mandatory programs and do other cuts, but it has to be accompanied with revenues. willie, i'm getting a little more optimistic today. sometimes it's darkest before the dawn. there are two good signs for optimism today. one is that leader mcconnell is actively engaged. you can't pass anything in the senate without democratic and republican votes...
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Dec 26, 2012
12/12
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KRON
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the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's midsection and tournedos to the deep south is now moving its way toward the northeast. >> we are still tracking pretty good storm sales as you can see here is a live look as storm tracker 4. san for cisco is starting to dry out. we are still seeing pretty good rain coming out towards ever bring and 101. \ evergreen and 101. hayward and union city are also looking at moderate rain showers that are coming through. richmond and certain parts oakland are also looking at light rain. all the rain will stick a round and we will have scattered showers for the rest of the day. showers will decrease by the afternoon and you should grab your unreligious in case you are doing shopping. the
the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's midsection and tournedos to the deep south is now moving its way toward the...
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Dec 27, 2012
12/12
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MSNBCW
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we don't have to employ the phrase fiscal cliff at all. any ideas? >> how about a deadline? >> how about do your job? it is ridiculous. if tax hikes and spending cuts were not enough, there is a new reminder that the debt ceilings hanging over in a letter to congress, timothy geithner warned they would hit the legal borrowing limit without the okay to borrow more, they would be forced to take extraordinary measures to keep paying the bills. they reference the impending fiscal cliff if a compromise can't be reached by next year on the big unanswered issues. with both side locked in the issues, democrats are not budging. they want to extend tax cuts and incomes below $250,000 for long unemployment benefits and delay the spending cuts. what happens if we go off the fiscal cliff for a few days. >> not much is my understanding. it's much more what the market psyche will do and with respect with the tax hikes and cuts, the hit people take is not as much as the rhetoric suggested early on. what weather it's enough to get back to negotiating things, i agree with you that we will go
we don't have to employ the phrase fiscal cliff at all. any ideas? >> how about a deadline? >> how about do your job? it is ridiculous. if tax hikes and spending cuts were not enough, there is a new reminder that the debt ceilings hanging over in a letter to congress, timothy geithner warned they would hit the legal borrowing limit without the okay to borrow more, they would be forced to take extraordinary measures to keep paying the bills. they reference the impending fiscal cliff...
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Dec 28, 2012
12/12
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FOXNEWSW
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gregg: this lawmakers do not reach a deal with regard to the fiscal cliff cuts will go into the defense department. >> reporter: the whole package of spending cuts is $1.2 trillion, half to the defense department. the army, navy, air force marines would take equal cuts according to one analyst who says the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this says it could mean layoffs. >> the large defense contractors will probably be okay, they have significant cash reserves, most of them. the smaller contractors would have trouble getting their lines of credit extended, trouble keeping their employees, i
gregg: this lawmakers do not reach a deal with regard to the fiscal cliff cuts will go into the defense department. >> reporter: the whole package of spending cuts is $1.2 trillion, half to the defense department. the army, navy, air force marines would take equal cuts according to one analyst who says the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion...
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Dec 26, 2012
12/12
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FOXNEWSW
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if we're going to cut the size and scope of government perhaps we should go over the fiscal cliff so people will understand government spending is out of control and may start to ask questions being asked at the kitchen tables of every family, why we see christmas sales so low. they're saying how do we make major purchases? people are cutting back in personal lives, they want got to do the same. something else is playing into christmas sales being low. christmas itself is under attack. a lot of christian conservatives believe that if we're going to say happy holiday, perhaps those that think it's any other holiday should support the economy and they're not buying the gifts they used to buy. they do christian efforts locally in churches and talk to families about other things than gifts. >> we always say merry christmas here but stay on this here. if we do go over the fiscal cliff, yes, taxes will go up. molly outlined how much for every income level across the board. >> very hard. >> down the road, isn't it the only way we get our fiscal house back in order? >> that's what i'm hearin
if we're going to cut the size and scope of government perhaps we should go over the fiscal cliff so people will understand government spending is out of control and may start to ask questions being asked at the kitchen tables of every family, why we see christmas sales so low. they're saying how do we make major purchases? people are cutting back in personal lives, they want got to do the same. something else is playing into christmas sales being low. christmas itself is under attack. a lot of...
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Jan 1, 2013
01/13
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WUSA
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and the waiting has her on a fiscal cliff of her own. what does it do if there's another, you know, month, two months, three months of this? >> it could potentially impact the entire year. it doesn't allow you to make any plans or focus on what your future expansion or growth or anything is. >> reporter: it could shoot a hole in your whole year? >> it could shoot a hole in the whole year. >> reporter: california has the most workers associated with the defense industry. in 2010 the numbers topped out at more than 160,000 employees. so the wrangling in washington has a huge impact here. there seems an element of this that just is -- >> unfair? >> reporter: is that what you think? >> incredibly unfair. >> reporter: because? >> because they have a responsibility. and they're not taking care of it. >> reporter: her company did have to lay off workers during the recession but she says things were actually starting to get better and december was a pretty good month. all this uncertainty she says puts her right back to square one. a problem tha
and the waiting has her on a fiscal cliff of her own. what does it do if there's another, you know, month, two months, three months of this? >> it could potentially impact the entire year. it doesn't allow you to make any plans or focus on what your future expansion or growth or anything is. >> reporter: it could shoot a hole in your whole year? >> it could shoot a hole in the whole year. >> reporter: california has the most workers associated with the defense industry....
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Dec 27, 2012
12/12
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KPIX
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also dragging down sales was uncertainty about the so-called fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it, consumers could see higher taxes eating into their paychecks. even online sales suffered. compared to past years of double-digit growth, this year, online holiday sales rose only about 8%, compared to nearly 16% last year. overall, holiday spending accounts for up to 30% of retailers' annual sales, so the disappointing season is a concern for an economy struggling to recover. >> consumers need to have more confidence. consumers need to feel that their jobs are secure. it's not an ideal situation. it's more of a conservative, cautious time. and companies are managing carefully, consumers are spending carefully. >> reporter: retailers are now hoping to lure consumers with deep discounts of 75% to 80% off in some cases as they try to salvage profits from this lackluster holiday shopping season. jim. >> axelrod: so, elaine, this is the first set of holiday shopping numbers that we've seen. any chance that they'll b
also dragging down sales was uncertainty about the so-called fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it, consumers could see higher taxes eating into their paychecks. even online sales suffered. compared to past years of double-digit growth, this year, online holiday sales rose only about 8%, compared to nearly 16% last year. overall, holiday spending accounts for up to 30% of retailers' annual sales, so the disappointing...
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Dec 31, 2012
12/12
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is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth be
is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been...
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Dec 27, 2012
12/12
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KQED
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president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues.
president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues.
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Dec 31, 2012
12/12
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CNBC
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defense sector facing major cuts if we do go over the fiscal cliff. how that industry will be affected if we don't get a deal today, we'll talk about that after the break. stay with us. any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> they say the biggest priority is making sure we deal with the debt in a serious way. the way they're behaving is their only priority is making sure that tax breaks for the wealthiest americans are protected. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest, or frankly, the courage to close the deal. >> the deadline to get a deal done, steadily getting closer and closer. the defense industry wi
defense sector facing major cuts if we do go over the fiscal cliff. how that industry will be affected if we don't get a deal today, we'll talk about that after the break. stay with us. any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader...
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Dec 29, 2012
12/12
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WRC
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cliff. the president again today called on lawmakers to act before taxes automatically go up for every american and spending cuts kick in. but republicans aren't happy with the proposal the white house is offering. so on a saturday night, washington is still at a stalemate and the public is pretty clearly growing frustrated. david gregory sat down exclusively with the president today. he'll share some insight in just a moment. first we go to nbc's kristen welker at the white house on a where the talks stand. >> reporter: good evening. sources close to the talks say there is more pessimism tonight with democrats and republicans still unable to reach a compromise, particularly over the issue of taxes. but senate negotiators aren't giving up. they're still hopeful for a breakthrough before that all important tuesday deadline. with time running out, key staffers huddled behind closed doors against the backdrop of a snowy capitol trying to hammer out a last-minute deal. in his weekly address, pre
cliff. the president again today called on lawmakers to act before taxes automatically go up for every american and spending cuts kick in. but republicans aren't happy with the proposal the white house is offering. so on a saturday night, washington is still at a stalemate and the public is pretty clearly growing frustrated. david gregory sat down exclusively with the president today. he'll share some insight in just a moment. first we go to nbc's kristen welker at the white house on a where...
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Dec 27, 2012
12/12
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FBC
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can president obama come pack -- back and fix this fiscal cliff? >> no,e's decided he's not going to cut anything, anywhere. it's not a discussion. john boehner put the ball back in his court saying i'll ease up on taxes and he's not willing to cut significant spending. >> thank you very much. >>> fair and balanced. democratic congressman gregory meeks joins me live in the studio. you were feisty on the way in saying you and are going to to getting together on the house floor and sign a deal. no fiscal cliff. >> we have to work it out. it's bad for the country if we don't. i've talked to a number of friends from bothides of the aisle and we are hopeful it gets worked out. >> how can you work itut when the president himself, according to the "wall street journal" said -- speaker boehner came up with $800 billion and he said that doesn't cnt. >> it's clear we see what the problem is. the problem is, as the speaker indicated before we broke, he thought he had votes. so his plan b. the speaker said, and the majority leader said, i have the votes. we we
can president obama come pack -- back and fix this fiscal cliff? >> no,e's decided he's not going to cut anything, anywhere. it's not a discussion. john boehner put the ball back in his court saying i'll ease up on taxes and he's not willing to cut significant spending. >> thank you very much. >>> fair and balanced. democratic congressman gregory meeks joins me live in the studio. you were feisty on the way in saying you and are going to to getting together on the house...
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Dec 31, 2012
12/12
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obama making remarks about the fiscal cliff aired it earlier today. he put much of the blame on shoulders of the republicans if no deal is reached. the gop fired back saying the president should lead right now not cast blame. correspondent s henry is live from the white house. >> he is frustrated going on a talk show today in the middle of the negotiations. he has not been on one of the programs since 2009. he felt it was important to get the message out there. you are right he was pounding the same message again and again f. we go up the fiscal cliff for not meeting them halfway. >>> not because democrats and congre congre congress don't want to go ahead and cooperate but i think it has been hard for speaker boehner and republican mcconnell to accept the fact taxes on wealthiest should go up a little bit sweas well as a deficit reduction package. if they can't say yes to good offers i have an obligation to make sure the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> republicans are expressing frustration sa
obama making remarks about the fiscal cliff aired it earlier today. he put much of the blame on shoulders of the republicans if no deal is reached. the gop fired back saying the president should lead right now not cast blame. correspondent s henry is live from the white house. >> he is frustrated going on a talk show today in the middle of the negotiations. he has not been on one of the programs since 2009. he felt it was important to get the message out there. you are right he was...
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Dec 30, 2012
12/12
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FOXNEWSW
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i understand even if they reach a deal on the fiscal cliff, there are already defense cuts that will hurt anyway. >> that's right. those decisions have been made. what's so disappointing about this deal being constructed here, and hopefully there is one, is the fact sequestration is not on the table. that is going to take place anyway. we look at the readiness of our forces and readiness is a word that describes the preparedness to fight effectively and that he is what americans should remember. we look at one, do we have the people, and are they qualified with the appropriate skill sets, enlisted and officer. do we have the repair parts and maintenance hours to fix the equipment that we have and then are we able to train effectively with that with the amount of hours and time needed to do that. all of that would be cut back significantly, so the readiness of this force, its ability to fight is what i'm saying, would go down markedly. and also there's going to be significant morale impact to the force because all of the services on bases would be cut to include repair and maintenance
i understand even if they reach a deal on the fiscal cliff, there are already defense cuts that will hurt anyway. >> that's right. those decisions have been made. what's so disappointing about this deal being constructed here, and hopefully there is one, is the fact sequestration is not on the table. that is going to take place anyway. we look at the readiness of our forces and readiness is a word that describes the preparedness to fight effectively and that he is what americans should...
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. >> that also has consequences.ee as everyone knows with the looming so-called fiscal cliff discussion, if you cut too muchu you also drive th economy into an abyss so, you know, we'd all like to say we cut spending and live within our means, but it's not as simple as that.ple you can also cut spending too much so that you actually hurtrt the economy you're supposed to help. melissa: so, i agree with whath you are saying, and this is too civil. i got to derail it somehow or else it's no fun; right?in what's the point in doing it. >> bring it on, melis,ring it on. do lissa: there's many times in the past where we've loweredn mortgagal rates and increased revenue.es if i were to conceive it's a revenue problem, it -- which i'm not going to, but for the sake of argument, under for kennedy, reduced the top re from 90% to 70%, in and in that time, revenue into the treasury went up from $94 billion to $15n billion by lowering the marginal rate. right there, there's your guy. look at him. >> you kno we can look at that, but, remember, that was i the 1960s #. the problems we have today are a t
. >> that also has consequences.ee as everyone knows with the looming so-called fiscal cliff discussion, if you cut too muchu you also drive th economy into an abyss so, you know, we'd all like to say we cut spending and live within our means, but it's not as simple as that.ple you can also cut spending too much so that you actually hurtrt the economy you're supposed to help. melissa: so, i agree with whath you are saying, and this is too civil. i got to derail it somehow or else it's no...
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Dec 27, 2012
12/12
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CNBC
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the fiscal cliff is scary. another recision, higher unemployment, economic slowdown. tax money taken out of the economy. those are major concerns. we're going to have to react as a business and it could result in cut backs. the fiscal cliff was meant to be something that nobody wanted to go anywhere near and here we are about to go off it. we really need our elected officials to figure this out, keep our economy growing and gives us some certainty about the future so we can make our plans as business leaders. we're all having such a great year in the gulf, we've decided to put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. >>> welcome back. the dow jones
the fiscal cliff is scary. another recision, higher unemployment, economic slowdown. tax money taken out of the economy. those are major concerns. we're going to have to react as a business and it could result in cut backs. the fiscal cliff was meant to be something that nobody wanted to go anywhere near and here we are about to go off it. we really need our elected officials to figure this out, keep our economy growing and gives us some certainty about the future so we can make our plans as...
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Jan 1, 2013
01/13
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CNNW
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draws closer and closer to that fiscal cliff. the defense department is facing billions in budget cuts. how a furlough could affect civilian employees in the u.s. and around the world. oh, hey mike. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market
draws closer and closer to that fiscal cliff. the defense department is facing billions in budget cuts. how a furlough could affect civilian employees in the u.s. and around the world. oh, hey mike. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the...
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Dec 28, 2012
12/12
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CNNW
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but that's cutting pretty close, as you can imagine, because we go over the fiscal cliff as of monday night without a deal. so pretty tight timeline there. >> what is the thinking at this point, dana bash, that most congressional leaders feel like going over the cliff, whether they will say it publicly is one thing, but going over the cliff might be better, because on the other end of it, you can vote for tax cuts versus raising taxes for a certain number of americans, politically speaking, isn't that a better scenario for them? >> it may politically be a better secenario for some congresspeople. but it will be a catastrophe because of public opinion, the way markets would respond on january 2nd. i think politically obviously it saves a little face, particularly for some republicans who don't want to vote for tax increases. taxes increase automatically, but it isn't without consequences and we're trying to get a sense today -- the meeting that you mentioned, 3:00 p.m. at the white house, congressional leaders with the president and vice president. coming out of that, i think we may ha
but that's cutting pretty close, as you can imagine, because we go over the fiscal cliff as of monday night without a deal. so pretty tight timeline there. >> what is the thinking at this point, dana bash, that most congressional leaders feel like going over the cliff, whether they will say it publicly is one thing, but going over the cliff might be better, because on the other end of it, you can vote for tax cuts versus raising taxes for a certain number of americans, politically...
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Jan 1, 2013
01/13
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WMAR
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. >>> medicare reimbursement could take a hit if the fiscal cliff is not averted. reimbursements to doctors will be cut by nearly 30% beginning today because congress may have failed to make the adjustments for medicare payments. it could mean more doctors refewing to treat medicare patients. >>> 2013 will be remembered as landmark year for same sex couples and many couldn't wait to get to city hall at the stroke of midnight. today is a big day as same sex marriage can officially happen in the state. sherrie johnson is live downtown where couples were lined up to say their i dos it was a big morning for many. >> reporter: that's right. a little after midnight 7 same sex couples gathered right here in downtown baltimore at city hall to say their eye dos. this is definitely a historic day for maryland. the couples waited patiently at city hall to say their vows. baltimore mayor stephanie rawlings-blake hosted some of the marriages for same sex couples and perform the first ceremony. couples brought friends and family to take part in the historic ceremony. new year's
. >>> medicare reimbursement could take a hit if the fiscal cliff is not averted. reimbursements to doctors will be cut by nearly 30% beginning today because congress may have failed to make the adjustments for medicare payments. it could mean more doctors refewing to treat medicare patients. >>> 2013 will be remembered as landmark year for same sex couples and many couldn't wait to get to city hall at the stroke of midnight. today is a big day as same sex marriage can...
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Dec 27, 2012
12/12
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WBAL
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lawmakers gear up to tackle the fiscal cliff on capitol hill. >> the fiscal cliff deadline is inching closer. the aviation industry is not worried. they say they will not face immediate destruction. the defense industry urging congress to shift its attention from the cuts than to fighting over taxes. if the cuts take effect, many jobs would be lost. starbucks taking a stand on the cliff. asking customers to write "come together" on cups. toyota will take a $1.1 billion charge to settle a lawsuit that has to do with more than 10 million vehicles because of unintended acceleration. good news for the housing market. homes i use will rise as much as 2.5% nationwide. they expect 2013 to be a seller's market. the best places to buy include cleveland and philadelphia. i'm ellen braitman with the bloomberg business report. >> 5:22. support pours into newtown, connecticut. a memorial that includes every gift and a letter. don't forget to e-mail us your response to our water cooler question of the day. will you be more likely to visit a maryland casino now that some are open 24/7? you can share
lawmakers gear up to tackle the fiscal cliff on capitol hill. >> the fiscal cliff deadline is inching closer. the aviation industry is not worried. they say they will not face immediate destruction. the defense industry urging congress to shift its attention from the cuts than to fighting over taxes. if the cuts take effect, many jobs would be lost. starbucks taking a stand on the cliff. asking customers to write "come together" on cups. toyota will take a $1.1 billion charge to...
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Dec 31, 2012
12/12
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CSPAN2
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, like the ones in the fiscal cliff proposal or, at worse, the monetizing of the debt, the -- a drop in the value of the dollar, and all the harmful effects that that will have on our economy and our country. so, we come -- so, here we are december 31, not only the eve of a new year, which we hope and pray will be a great one for our country and everyone who lives in it, but a few hours away from letting our country go over the cliff. and we can't let it happen, and that's why i'm so encouraged that these bipartisan negotiations will produce -- are looking like they'll produce a bipartisan agreement which hopefully will come before the senate sometime this evening. this is not -- this will not be the comprehensive, bipartisan long-term debt agreement that we created the cliff to encourage. this will not be the bipartisan long-term debt reduction agreement that this country needs. so smuch going -- beginning to turn right in our economy. how's -- so much is going -- beginning to turn right in our economy. housing is doing so much better. unemployment is down. you see manufacturing pic
, like the ones in the fiscal cliff proposal or, at worse, the monetizing of the debt, the -- a drop in the value of the dollar, and all the harmful effects that that will have on our economy and our country. so, we come -- so, here we are december 31, not only the eve of a new year, which we hope and pray will be a great one for our country and everyone who lives in it, but a few hours away from letting our country go over the cliff. and we can't let it happen, and that's why i'm so encouraged...
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Dec 26, 2012
12/12
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CNBC
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. >> the seeds of the fiscal cliff were planted in 2001 with the ten-year window for the bush tax cuts. secondly, look, you're not going to like this, rick, but the fact is the president has come more than halfway in terms -- he hasn't come anywhere. he's come halfway on 7%. he hasn't come halfway on the other side, the entitlement side, the reform side. we're going to a too light deal that's too small. >> a lot of people are saying he wants to go over the cliff because it gives him more leverage. >> yes. >> his treasury secretary said that. tim geithner said that on cnbc. >> right. >> well, look, i mean, first of all, i don't believe he wants to go over the cliff, but if we go over the cliff, the economic downturn only occurs as others have said in this very segment if we stay over. if we go over and quickly reverse the damage. it's not good. it's bad, but it's a lot better than the recessionary scenario of staying over. >> rick? >> i listened. doesn't change my mind what. are you going to be saying four years from today? >> we didn't expect it to. >> matt, what do you make of what's
. >> the seeds of the fiscal cliff were planted in 2001 with the ten-year window for the bush tax cuts. secondly, look, you're not going to like this, rick, but the fact is the president has come more than halfway in terms -- he hasn't come anywhere. he's come halfway on 7%. he hasn't come halfway on the other side, the entitlement side, the reform side. we're going to a too light deal that's too small. >> a lot of people are saying he wants to go over the cliff because it gives him...
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Dec 26, 2012
12/12
by
FBC
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tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at some movers. michael cores down over 6%. tracy: i was in the balls this weekend. lori: crowded theater not like i thought it would be. adam shapiro in the newsroom with the details. i thought it was way busier last year than it was this weekend. >> no. here are some numbers. for the period of october to eight and december 24, sales gr
tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the...
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Dec 27, 2012
12/12
by
FBC
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eye 67
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if we're going to cut the sizeia and scope of government, perhaps we should go over the fiscal cliff so people understand government spending is out of control and may start to ask the questions being asked at the f round table and kitchen tables ofam every family white christms sales are so low. they're saying how can i make a major purchases in this economye people are cutting back and want government to do the same thing but something else is playing into why you are seeing christmas sales go so low this christmas season. a lot believe if we are going to say happy holidays perhaps those people who say it is any other holiday should support the economy as a result they are not buying the gifts they need to buy. they are talking to their families about a other things tn gifts.e. eric: stay on this a little bit, if we do go over the fiscal cliff, texas will go up. going up for every income level across the board. but down the road, is that the only way we get our fiscal house back in order? >> we're back down to the law, this is only a fe if you shouldy for massive government is unfa
if we're going to cut the sizeia and scope of government, perhaps we should go over the fiscal cliff so people understand government spending is out of control and may start to ask the questions being asked at the f round table and kitchen tables ofam every family white christms sales are so low. they're saying how can i make a major purchases in this economye people are cutting back and want government to do the same thing but something else is playing into why you are seeing christmas sales...